Examlex
Suppose that the cells of seed plants, like the cells of human skin, produce a pigment upon increased exposure to ultraviolet radiation. Rank the following cells, from greatest to least, in terms of the likelihood of producing this pigment.
Input
Resources used in the production process, including labor, raw materials, and capital.
Marginal Revenue Product
The additional revenue generated from employing one more unit of a factor of production, such as labor.
Productivity
Productivity measures the efficiency of production in terms of the amount of goods and services produced from a given amount of inputs, such as labor and capital, within a specific period.
Derived Demand
Derived demand refers to the demand for a good or service that originates from the demand for another good or service.
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